As in every industry, English is key – and the financial sector is no different.
English is a highly relevant language that brings many benefits to those who speak it. Would you like to join that group?
If so, keep reading to find out why English really matters in the financial market and understand how learning English can help you grow professionally. As a bonus, you will also be shown some of the key English terms and expressions used in the financial world.
Why English Matters in the Financial Market
In the business world, especially if you work for a multinational company, documents written in English are commonplace. English is also used on a daily basis when it comes to financial transactions. It is the world’s official language, after all. And that’s why any job application form nowadays will ask if you speak it.
Moreover, in this era of entrepreneurship and investment in emerging economies, many national companies are expanding their scope of action. This explains why English is becoming more and more important for any professional seeking better work opportunities.
There’s no way around it. If you wish to succeed in business, you need to learn English. Even small companies will usually prefer an applicant who speaks English for future negotiations and expansion.
Benefits of Being Fluent in English in the Financial Market
Aside from a degree in finance, learning English has also become a mandatory requirement in the financial world. If you invest in learning English, you won’t be left behind in the job market. Plus, you’ll get the following benefits:
- Opportunity to work for investment banks and international brokers
- Preparation for language proficiency and professional certification tests, such as CFA
- Ability to do business with international clients
- Working on how to improve your vocabulary with special focus on the financial market
- Proof that you’re committed to your professional growth
English Terms for the Financial Market
Accounting
A systematic record of a company’s entire financial history. Includes profits and losses, taxes, and expenses.
“Balancing the Books”
“Balancing the books” is an accounting term that refers to the balance between gains and losses the company experiences for a certain period. Useful to help understand the company’s financial health and plan the next steps.
Budget
A very common word in the areas of marketing, administration, strategy, and finance. Refers to the entire amount associated with a specific action or the total amount transacted by the company during a specific period.
“Buy the Rumor, Sell the News”
This is a well-known strategy used in the business world. The intention here is to invest in a company or finance a product during its design phase, when it’s still small. To ensure profitability, the company also needs to invest in large-scale ads in order to get the expected Return On Investment (ROI) when the product at hand is finally released and well-received by customers.
Cash Flow
Refers to the amount of money that “flows” through the company’s books, representing any amounts earned and spent through different routine transactions.
Currency Market
“Currency” refers to the specific units of money used in each country (e.g. Dollar, Euro, Rupee, Renminbi, etc). The “currency market” therefore refers to the currency exchange system used by people or entities to trade money in different currencies.
Fee
Any amount payable for services or goods, including many different subcategories, such as “insurance fees”, “administration fees”, “attorney’s fees”, etc.
“Going Dutch”
This one can be used both in a business setting and in your everyday life. When a group of people “go Dutch”, that means they’re going to take part in the same event, but each person will pay their part. It’s like when you go out to eat with a group and split the bill at the end.
Income
Associated with “revenue” and “earnings”. It’s the total amount of money a company acquires during a certain period. Also applies to your personal life, as your monthly pay is considered your “income”.
Total Cost
The total cost of a financial transaction or project, containing all fixed and variable expenses, such as labor, raw materials, transportation, and advertising.
Interested in Learning More About English for the Financial Market?
Cambly can really help you dive deeper to learn other English terms used in the financial market. It’s a great way to grow professionally, always aiming higher.
Visit our platform now for business-oriented options, through which companies can help employees pay for their English classes. It’s the perfect win-win situation!
